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SPLASH BEVERAGE CORP  -SBEV OTC

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Splash Beverage Group, Inc. (f/k/a Canfield Medical Supply, Inc.) Reports Second Quarter 2020 Results Including Impactful Increase in Sales Compared to Q2 2019; Highlights Ongoing Covid-19 Risk Factors

Fort Lauderdale, Florida--(Newsfile Corp. - August 17, 2020) - Splash Beverage Group, Inc. (OTC Pink: SBEV) ("The Company") announces today the filing of its second quarter 2020 Form 10-Q for the period ended June 30, 2020. The report was posted to OTC Markets on Thursday, August 13, 2020 and can be viewed here: Splash Beverage 10Q 2020 Q2 Report

The Q2 report highlights impactful increase in revenues, liquidity and capital resources as well as company strategy amidst COVID-19, alongside appointment of new management

Splash Beverage Group CEO Robert Nistico estimates the Company will have net sales between $750,000 to $1,000,000 for the 13-week third quarter ended September 30, 2020.

"We are thrilled with the progress the Company has made since completion of the merger," states Nistico. "I am confident we are well positioned for exponential growth in our growing portfolio of beverage brands and concepts toward an increase in market opportunities and overall shareholder value," states Nistico.

Q2 Business Highlights:

Company Name Change:

On July 2020, we received a Certificate of Good Standing from the State of Colorado. This certificate will allow us to change our name from Canfield Medical Supply, Inc. to Splash Beverage Group, Inc. a Colorado company. In July 2020, we received approval from FINRA to change the Company's name from Canfield Medical Supply, Inc. to Splash Beverage Group, Inc, trading under the symbol SBEV on OTC Markets.

Executive Appointments

The Company announced appointments of Beverage mavens Robert Nistico (CEO) and William Meissner (President and CMO) as officers of the Company, each with extensive experience in the industry.

  • Robert Nistico is a 26-year beverage industry veteran and was the fifth employee and VP/General Manager for Red Bull North America, where he led the start-up from zero sales to $1.45 billion. Robert is the founder and CEO of Marley Beverages and was responsible for framing out the long-term vision for the company. He also held executive positions with Diageo and Gallo. His experience has included direct and indirect sales management, strategic brand marketing, production, co-packing, packaging, budgeting, forecasting, profit and loss management, financial modeling, operations and logistics.
  • William Meissner is a proven leader with more than twenty years of success in growing consumer brand companies with both large multinational and medium sized entrepreneurial organizations. Prior to joining SBG, Meissner served as President and Chief Executive Office for Sweet Leaf and Tradewinds Tea, a premium beverage vertical designed to build emerging brands, Chief Executive Officer for Genesis Today, Inc. a leader in the organic nutritional supplements category, Chief Executive Officer of Tazza Pronto a joint venture between Distant Lands Coffee, Inc. and Caffita Systems SPA, Chief Executive Officer of Jones Soda, President of Talking Rain Beverages, Chief Marketing Officer of Fuze & NOS Beverages (Coca-Cola), Brand Director of SoBe Beverages (Pepsi-Co) and Nutritional Category Manager at Tetra Pak, USA Inc.

Letter of Intent to Acquire Copa Di Vino

Splash Beverage Group, Inc. (OTC Pink: SBEV), a holding company of leading portfolio of beverage brands, is pleased to announce that it has entered an Letter of Intent to possibly acquire James Martin's Copa Di Vino (www.copadivino.com), alongside a Joint Venture to drive the brand and its proprietary packaging technology to new heights. The acquisition of James Martin's Copa Di Vino is subject to the execution of a definitive agreement and appropriate financing, and there cannot be any assurance that such agreement will be executed.

SALT Naturally Flavored Tequila Now in Walmart Stores

Splash Beverage has awarded the distribution rights to SALT Naturally Flavored Tequila for Walmart to Republic National Distributing Company, with Splash Beverage approved for 570 locations to start.

FOLLOW SPLASH BEVERAGE ON TWITTER: @SplashBev

Splash Beverage Group Inc.'s SALT Naturally Flavored Tequila Now Available at Select Walmart locations via Republic National Distributing Company

Fort Lauderdale, Florida--(Newsfile Corp. - August 13, 2020) - Splash Beverage Group, Inc. (OTC Pink: SBEV), a holding company of leading portfolio of beverage brands, announces today that its SALT Naturally flavored Tequila with 100% Agave has been approved by Walmart, the world's largest retailer, and is now available at Florida and New Mexico locations, with additional states and locations anticipated to follow.

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Splash Beverage has awarded the distribution rights for Walmart to Republic National Distributing Company, with Splash Beverage approved for 570 locations to start.

Splash Beverage's SALT Naturally Flavored Tequila arrives on Walmart shelves in the wake of the retail giant's recent decision to add more high-end/premium alcoholic beverage selections such as Buffalo Trace, Veuve Clicquot and SALT Naturally Flavored Tequila, to name a few.

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Walmart is making the changes because its shoppers are demanding more premium alcohol options, according to Jason Fremstad, VP of adult beverages for Walmart US stores.

"There's been a significant shift in our assortment this year to make sure that we are not just taking care of our customers with all the core offerings they expect, but really getting into that premium and innovative assortment that we're really not known for at this point," he said.

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Fremstad said he's watching drinking trends closely, and betting on a surge in tequila popularity. "I think the one spirit that nobody talks enough about is the growth of tequila," he said.

Splash Beverage Group CEO Robert Nistico states, "This is a major benchmark for our SALT Naturally Flavored Tequila brand. Due to the conditions of the current pandemic and social distancing, our primary focus remains on off-premise channel initiatives and are enjoying growth here. We anticipate as bars, restaurants and hotels begin to open, we will experience growth with our relationships in on premise channels."

Salt Tequila - Chocolate promo

Learn more about COPA DI VINO on Facebook- https://www.facebook.com/CopaDiVino/

About Splash Beverage Group, Inc.:

Splash Beverage Group specializes in manufacturing, distribution, sales & marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments which they believe leverages efficiencies and dilutes risk.

SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation.

SALT Naturally Flavored Tequila is 100% agave, 80 proof naturally flavored tequila. SALT Tequila is remarkably smooth with a clean and delicate taste. Grown, distilled, and bottled in the region of Jalisco Mexico, each handcrafted bottle of SALT Tequila is the result of years of hard work, determination and countless blends until they reached perfection. SALT Tequila offers a variety of naturally flavored tequilas including Berry, Citrus and Salted Chocolate.

About Walmart

What started small, with a single discount store and the simple idea of selling more for less, has grown over the last 50 years into the largest retailer in the world. Each week, nearly 265 million customers and members visit approximately 11,500 stores under 56 banners in 27 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. It's all part of our unwavering commitment to creating opportunities and bringing value to customers and communities around the world.

Forward-Looking Statement

This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

 

 

 


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